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Vitesse, Lear and Take-Two Drop
As Specter of Higher Rates Looms

By

Anjali Cordeiro

Updated June 28, 2006 12:01 a.m. ET

Small stocks dived after stronger-than-expected economic reports kept alive the specter of more interest-rate increases from the Federal Reserve.

Semiconductor stocks got pummeled as the technology sector saw heavy selling. Vitesse Semiconductor tumbled 31 cents, or 21%, to $1.20 after the Camarillo, Calif., company said its stock will be delisted from the Nasdaq National Market as of today. Conexant Systems fell 10 cents, or 4.3%, to 2.22, and DSP Group shed 85 cents, or 3.6%, to 22.97.